Extended relationship supports SWIB's move toward in-house investment management across multiple investment strategies
BNY Mellon, a global leader in investment management and investment services, is now providing a full suite of middle office services to support the State of Wisconsin Investment Board's (SWIB) investment operation, with assets valued at $105 billion as of September 30, 2016.
BNY Mellon and its Eagle Investment Systems affiliate are supporting SWIB's investment and data management needs through BNY Mellon's OnCoreSM suite of middle office solutions, including a fully integrated data warehouse, portfolio accounting, trade support, corporate actions, collateral management, pricing, performance measurement and derivatives processing.
Since 1991, BNY Mellon and Eagle have provided SWIB with a wide range of investment and integrated data management services, spanning custody, data management, cash management, and securities lending programs, among others.
"By expanding our relationship with BNY Mellon, we now have a state of the art platform, a critical component of our new portfolio management system. This new system supports SWIB's innovative investment approach and our data management requirements," said Michael Williamson, executive director of SWIB. "BNY Mellon's middle office solution allows us to leverage the strategic investments we've made throughout our long standing relationship.
"The conversion to BNY Mellon's investment book of record allows us to deliver a high level of data quality for our investment teams," Williamson added.
"By providing the needed infrastructure, BNY Mellon is supporting asset owners who are making the shift toward in-house investment management," said Chandresh Iyer, global head of Middle Office Solutions at BNY Mellon. "Expanding our relationship with SWIB through OnCore is an important milestone for both firms. Our investments in technology and people will enable SWIB to transform their operating model and drive value for their organization."
"SWIB's deployment of middle office services is a great example of leveraging our capabilities to enable quality investment book of record data," said Mal Cullen, Chief Executive Officer of Eagle Investment Systems. "We are focused on providing the services to ensure firms have the high quality data that is critical for the front office."
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or administration, and $1.72 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).